Tech Company Financing Transactions

Spruce Funding Round

Spruce, based in New York, secured $60 million from Zigg Capital, Bessemer Venture Partners and Scale Venture Partners.

Transaction Overview

Company Name
Announced On
6/3/2021
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series C
Investors

Zigg Capital (Lead Investor) (David Eisenberg)

Bessemer Venture Partners (Charles Birnbaum)

Scale Venture Partners (Alex Niehenke)

Proceeds Purpose
This latest investment, which will be used to build upon Spruce's leading title and residential closing technology offerings to help its clients grow.

Company Information

Company Status
Private & Independent
Industry
InsureTech
Mailing Address
150 West 22nd St. 12th Floor
New York, NY 10011
USA
Email Address
Overview
Founded in New York in 2016, Spruce works with mortgage lenders and real estate companies to provide title insurance, escrow, and closing services through a proprietary technology platform, leading to process efficiencies and improved user experiences for them and their customers. The dynamic service is available nationwide.
Profile
Spruce LinkedIn Company Profile
Social Media
Spruce Company Twitter Account
Company News
Spruce News
Facebook
Spruce on Facebook
YouTube
Spruce on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Patrick Burns
  Patrick Burns LinkedIn Profile  Patrick Burns Twitter Account  Patrick Burns News  Patrick Burns on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/3/2021: Stemma venture capital transaction
Next: 6/3/2021: Shippo venture capital transaction

 

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We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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